Whoo, what a couple of days! Recouped what I lost yesterday and made scraps. Happy/Lucky that I added more shorts on the NQ in the 1420 region.
Bought back my ES way too early (897.50 @ 2:33pm EDT), and now only holding a profitable NQ short contract. Buy limit order @ 1385 to close out in case Kim Jong Il throws a rock south of the border and there's a reaction spike down.
With my very limited experience, I believe that the best case for bulls is a gapless open and run-up. An upgap would be sold hard and a downgap would accelerate the drop imo.
Basically I'm still short-biased, but a lot less than I was yesterday @close. End-of-the-month, B1S2 being long biased, LC seemingly long-biased...
Is there still a gap below? I'm more willing to short @ 920 than buy @ 880, but will definitely be temped to go long for a small swing @ 880 if we get near there, but will probably play it on the NQ because I'm not a gazillionaire like B1S2 and have a short bias.